Vouga Abogados advised TMF Paraguay S.R.L. in its capacity as guarantee agent in the framework of part of the financing of the project for the design, rehabilitation, construction, operation and maintenance of Routes 2 and 7. This is the first project to be implemented under the Public-Private Partnership (“PPP”) modality.
The financing obtained by the successful bidder, Rutas del Este S.A., amounted to a total of USD 658 million. Of this amount, USD 458 million was obtained through the issuance of debt and USD 200 million through financing granted by the Inter-American Development Bank (“IDB”) and IDB Invest.
Vouga Abogados' advice consisted in the review of the collateral structure and guarantee documents corresponding to the USD 200 million financing granted by the IDB and IDB Invest.
For further information, please contact Cynthia Fatecha (cfatecha@vouga.com.py), Geor Birbaumer (gbirbaumer@vouga.com.py) or Carlos Vouga Z. (cvouga@vouga.com.py)
